View for Indian market: 2 July 2013

View on Indian Stock Market:

Today, bearish opening is expected in Indian stock market.

Some recovery may come from lower levels.

Again declining trend shall be seen in closing hours.

Sell Nifty & Bank Nifty on rise.

Trading Range:

–          NIFTY(FUT): 5,900-5,820

–          BANK NIFTY: 11,800-11,400

 

SELL ON RISE:

–          DLF FOR POSITIONAL TGT 165

–          RCOMM FOR POSITIONAL TGT 110

–          SESA GOA FOR POSITIONAL TGT 120 & BELOW

BUY:

–          IDFC S/L 128 TGT 137

–          AUROBINDO PHARMA S/L 185 TGT 195

Important Note for Nifty

With stop loss of 6,000, you can short NIFTY on upper level for target 5,580 & below (in JULY EXPIRY).

 Important View for USD/INR

USD/INR can cross 60.50 in coming days.

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